Consumer prices rose 0.4% in October, more than expected

Key takeaways

• The consumer price index, a broad gauge of costs across the U.S. economy, increased a seasonally adjusted 0.4% for the month, the Bureau of Labor Statistics reported Tuesday.
• Though gasoline prices have been falling in recent weeks, the energy index rose 0.7% and the gasoline index was up 1%.
• At its October meeting, central bank officials voted 10-2 to keep their benchmark rate in a range between 3.75%-4% while awaiting incoming data.